Wednesday, August 1, 2012

On August 1, the following stocks were determined to be overbought: Medifast Inc, Par Pharmaceutical Companies Inc, Walgreen Co, Ventas, Inc, and Lincare Holdings Inc. The demand for these stocks have pushed the prices of the underlying assets to levels that do not support the fundamentals. This is interpreted as a sign that the stocks are overvalued and may experience a pullback.

Shares of Medifast Inc (MED) fell by 0.71% or $-0.20/share to $27.9. In the past year, the shares have traded as low as $12.97 and as high as $28.22. On average, 228970 shares of MED exchange hands on a given day and today's volume is recorded at 132150.

Shares of Par Pharmaceutical Companies Inc (PRX) traded higher by 0.10% or $0.05/share to $50.01. In the past year, the shares have traded as low as $24.85 and as high as $52.33. On average, 733730 shares of PRX exchange hands on a given day and today's volume is recorded at 147036.

Shares of Walgreen Co (WAG) traded higher by 0.52% or $0.19/share to $36.55. In the past year, the shares have traded as low as $28.53 and as high as $38.43. On average, 9954110 shares of WAG exchange hands on a given day and today's volume is recorded at 5133049.

Shares of Ventas, Inc (VTR) traded higher by 0.16% or $0.11/share to $67.36. In the past year, the shares have traded as low as $41.49 and as high as $67.65. On average, 1678680 shares of VTR exchange hands on a given day and today's volume is recorded at 530164.

Shares of Lincare Holdings Inc (LNCR) traded higher by 0.05% or $0.02/share to $41.42. In the past year, the shares have traded as low as $19.07 and as high as $41.48. On average, 4300600 shares of LNCR exchange hands on a given day and today's volume is recorded at 628432.

Please Donate

Article Archive

The reports on this site are for information purposes only and are not a recommendation for the purchase of securities. The information contained in these reports have been gathered from sources we believe to be reliable, however, we make no guarantee as to the accuracy or completeness to such information.